Bitcoin funding rate as of date and time (10 September 2024, 06:22 PM Pakistan time)
**Highest Funding Rate:**
- OKX KISHU/USDT: 0.1216%
- OKX CVX/USDT: 0.0589%
- OKX CTC/USDT: 0.0571%
- OKX JST/USDT: 0.0429%
- Bitget VGX/USDT: 0.0411%
These positive funding rates indicate that long position holders in these pairs are paying short position holders. This means there is more buying pressure in the market or more people are holding long positions, reflecting a bullish sentiment in the market.
**Lowest Funding Rate:**
- Bybit AERGO/USDT: -0.4376%
- Bybit AKT/USDT: -0.2034%
- Bitget AKT/USDT: -0.2028%
- Binance AERGO/USDT: -0.1951%
- Binance REEF/USDT: -0.1773%
These negative funding rates show that short position holders are paying long position holders, which indicates that there is more selling pressure in these markets, or more people are holding short positions, reflecting a bearish sentiment.
Funding rate analysis helps in understanding where the market interest isâbullish (positive rates) or bearish (negative rates). This is useful for traders to gauge future market dynamics and positioning.
